Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.5.0.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 18,357 $ 21,645
Restricted cash 12,449 16,236
Accounts receivable, net 80,737 73,372
Accounts receivable retainage, net 21,797 21,454
Costs and estimated earnings in excess of billings 60,085 88,334
Inventory, net 13,388 13,223
Prepaid expenses and other current assets 14,728 11,745
Income tax receivable 0 2,151
Project development costs 15,037 15,538
Total current assets 236,578 263,698
Federal ESPC receivable 124,888 125,804
Property and equipment, net 5,637 5,328
Project assets, net 279,257 244,309
Goodwill 58,361 59,085
Intangible assets, net 4,615 6,770
Other assets 24,758 18,446
Total assets 734,094 723,440
Current liabilities:    
Current portions of long-term debt and capital lease liabilities 15,246 13,427
Accounts payable 125,014 114,759
Accrued expenses and other current liabilities 22,403 21,983
Billings in excess of cost and estimated earnings 18,723 28,744
Income taxes payable 631 810
Total current liabilities 182,017 179,723
Long-term debt and capital lease liabilities, less current portions and net of deferred financing fees 113,596 100,490
Federal ESPC liabilities 108,039 122,040
Deferred income taxes 2,417 4,010
Deferred grant income 7,877 8,291
Other liabilities 21,127 18,854
Commitments and contingencies
Redeemable non-controlling interest 6,797 490
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, no shares issued and outstanding at September 30, 2016 and December 31, 2015 0 0
Additional paid-in capital 112,366 110,311
Retained earnings 193,217 184,454
Accumulated other comprehensive loss, net (8,913) (5,228)
Less - treasury stock, at cost, 920,944 shares at September 30, 2016 (4,451) 0
Total equity 292,224 289,542
Total liabilities, redeemable non-controlling interest and equity 734,094 723,440
Common Class A    
Stockholders’ equity:    
Common Stock 3 3
Common Class B    
Stockholders’ equity:    
Common Stock $ 2 $ 2